Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-09-05 06:48Core Viewpoint - The A-share market is experiencing a rebound, with significant gains in sectors such as batteries, photovoltaic equipment, CPO, and innovative pharmaceuticals, particularly in the ChiNext index which saw an increase of nearly 5% by 14:00 [1] Market Performance - The ChiNext ETF (159915) is actively traded, with a trading volume exceeding 5.5 billion yuan, making it the top ETF in the Shenzhen market [1] - According to招商证券, the market is likely to maintain a fluctuating upward trend in September, although the slope may be relatively slower compared to August [1] Investment Drivers - The key driving force for the market's upward movement is the accumulation of profit effects followed by continuous inflows of incremental capital, creating a positive feedback loop [1] - Future market trends are expected to focus on low penetration rate sectors, including AI computing power, semiconductor autonomy, solid-state batteries, commercial aerospace, controllable nuclear fusion, and innovative pharmaceuticals [1] Sector Composition - The ChiNext index comprises a significant number of new productive forces, with strategic emerging industries accounting for 92% of its weight [1] - The new generation information technology, new energy vehicles, and biotechnology sectors are particularly prominent, representing 34%, 24%, and 12% respectively [1] ETF Characteristics - The ChiNext ETF (159915) leads in scale among similar products, with an average daily trading volume exceeding 5 billion yuan over the past month, indicating good liquidity [1] - The management fee rate for the ETF is only 0.15% per year, facilitating low-cost investment opportunities in emerging industry developments [1]